Mr. Speaker, Bill C-69 is about re-establishing the balance between economic prosperity and environmental protection. It is about restoring investor certainty, rebuilding public trust and advancing indigenous reconciliation, all the while ensuring that good projects are built in a timely, responsible and transparent way. That is what we have been doing since assuming office. We have approved the Line 3 replacement project, supported Keystone XL and done the hard work necessary to ensure we move forward in the right way on the Trans Mountain expansion project.
We know there is still more to be done, but our efforts are starting to pay off.
Let us look at the LNG Canada decision last fall to proceed with its $40 billion project on the west coast of British Columbia. It will create thousands of good jobs and generate billions of dollars in new revenue for government, all the while building the cleanest, large scale LNG facility in the world to bring Canadian natural gas to new global markets.
There are also plans for a $4.5 billion petrochemical facility in Sturgeon County.
Inter Pipeline, which is another example, is proceeding with two new facilities, valued at $3.5 billion, in Alberta's industrial heartland.
Nauticol has given its green light to develop a $2 billion methanol plant just south of Grande Prairie.
These are real investments in our energy sector, in Canadians and in Alberta. In fact, there are more than half a trillion dollars in new resource projects that have either been started or are planned over the next 10 years. In Alberta alone, that includes 102 energy projects, representing a total investment of $178 billion. That is good news.
At the same time, we have recently announced a $1.6 billion package to support workers in the energy sector and boost the industry's competitiveness. This includes a $1 billion program in commercial financial support from Export Development Canada to invest in innovative technologies.
There are another $500 million in new commercial funding from the Business Development Bank of Canada to support energy diversification, as well as $50 million from Natural Resources Canada's clean growth program that will leverage almost $900 million in new investments in oil and gas projects.
These investments reflect our confidence in Alberta and our belief in all Canadians with respect to making Canada the supplier of choice in this century of clean energy.